Stock Watch: Kana Announces Stock Split

Shares of Kana Communications (Nasdaq: KANA), which makes customer relationship solutions for e-commerce businesses, soared nearly 10 percent on Tuesday, climbing 19 to 216, after the company announced a two-for-one stock split. The split, which should be distributed on February 22nd, will be payable to shareholders of record at the end of business on January 28th.

Kana, which went public at $15 a share in November, has seen its stock rack up a tremendous performance in the past few months. This stock could keep climbing as investors continue to buy into companies that help e-commerce sites do business. Kana’s customers include major players like eBay, priceline.com, iVillage, Xoom.com, Fogdog Sports, Autoweb, barnesandnoble.com and Ameritrade.

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